Reinsurance News
AXA XL
AXA XL is the commercial insurance and reinsurance underwriting department of global re/insurer AXA Group.
Read all our insurance and reinsurance news related to AXA XL below.
Sylvie Gleises named Country Manager, Singapore at AXA XL
15th July 2021
The insurance division of AXA's property & casualty and specialty risk division, AXA XL, has appointed Sylvie Gleises as Country Manager, Singapore, effective September 1st, 2021. Currently, Gleises serves as Global Head of Revenue Synergies and Head of Client Management for APAC & Europe at AXA XL. In her new role, which ... Read the full article
AXA XL hires David Watson from AXIS as a Senior Underwriter
13th July 2021
AXA XL, the property & casualty and specialty risk division of AXA, has named David Watson as Senior Underwriter, Political Risk, Credit & Bond (PRCB), UK & Lloyd's market. In his new role with AXA XL, Watson takes on responsibility for helping to deliver the strategic and profitable growth of the ... Read the full article
AXA XL appoints Marine Ress casualty CUO for Europe
5th July 2021
AXA XL Insurance has appointed Marine Ress as Chief Underwriting Officer, Casualty, APAC & Europe, a Paris based role. Ress’ appointment is effective October 1 and will see her oversee the management of AXA XL’s casualty portfolio. She’ll work closely with local underwriting teams and be responsible for the underwriting strategy for ... Read the full article
AXA XL names David Hughes head of hull, UK & Lloyd’s market
30th June 2021
AXA XL, the property & casualty and specialty risk division of AXA, has promoted David Hughes to Head of Hull, UK & Lloyd’s market, effective as of 1 July 2021. In his new role, Hughes will be responsible for leading AXA XL’s hull business for the UK & Lloyd’s region and driving ... Read the full article
Analysts believe a sale of XL Re could be positive for AXA
28th June 2021
Following news this morning that French, non-life mutual insurer Covéa is exploring a move for the reinsurance business of AXA XL, analysts feel a sale could be positive for AXA and increase its valuation by up to 6%. After failing to acquire SCOR in 2018, and then seeing its agreement to ... Read the full article
XL turnaround seen as key for AXA at H1: JP Morgan
28th June 2021
Analysts at JP Morgan have said that a performance turnaround for AXA’s XL division will be key to the company’s results for the first half of 2021, which are due to be released in early August. Specifically, JP Morgan says that it is important for AXA’s management to showcase that the ... Read the full article
Covéa interested in acquiring AXA XL Re: report
28th June 2021
French insurer Covéa has reportedly not given up on its plans to diversify into the reinsurance industry and is looking at the acquisition of AXA Group's non-life reinsurance operations, AXA XL Re. The news comes more than a year after Covéa's acquisition of Bermuda-based reinsurer PartnerRe was called off amid ... Read the full article
AXA XL appoints new leadership for Global Political Risk, Credit & Bond
16th June 2021
AXA XL Insurance has appointed Rafael Docavo-Malvezzi as Global Chief Underwriting Officer for Political Risk, Credit & Bond (PRCB) and Lian Phua as Head of PRCB, Americas. Docavo-Malvezzi will report to Stephen Ashwell, CUO for Specialty Risks, and help drive global governance, underwriting guidelines and pricing standards across all Political Risk, ... Read the full article
AXA XL appoints Andrew Diesel to casualty risk consultancy role
4th June 2021
AXA XL, the property & casualty and specialty risk division of AXA, has added Andrew Diesel as casualty risk consultant, fleet in the Americas. Diesel will provide technical support to AXA XL's underwriters and clients primarily in the US and Canada. He’ll also take responsibility for executing engagements with clients, including in ... Read the full article
Fitch Ratings turns positive on AXA off improving XL performance
28th May 2021
Fitch Ratings has revised its outlook on AXA and its core insurance subsidiaries' Insurer Financial Strength (IFS) Ratings, changing AXA's Long-Term Issuer Default Rating (IDR) to Positive from Stable. Fitch’s revision is driven primarily by an expectation for the AXA group to secure a property and casualty combined ratio sustainably below ... Read the full article
AXA XL hires five senior underwriters
13th May 2021
AXA XL, the property & casualty and specialty risk division of AXA, has appointed five senior underwriters to its Canadian Casualty, Professional and Property groups. The appointments have been made to match Canada's growing demand for underwriting expertise. The appointments for the Casualty team include Gladys Adams, Joseph Renton and Gary Tobin, ... Read the full article
AXA XL hires Anish Jadav as Retail P&C CUO for UK, Lloyd’s
10th May 2021
AXA XL, the property & casualty and specialty risk division of AXA, has appointed Anish Jadav as Chief Underwriting Officer, Retail Property & Casualty (P&C), UK & Lloyd’s market. In his new role, Jadav will oversee AXA XL’s Retail P&C underwriting strategy and optimising product offering and profitability. He will be responsible ... Read the full article
AXA reports 2% revenue growth for Q1; favourable price effects at AXA XL
4th May 2021
Global insurer AXA has reported total revenue growth of 2% for the first quarter of 2021 to €31 billion, driven in part by favourable price effects at AXA XL which helped its commercial lines segment grow by 4% to €11.6 billion during the period. Across AXA's property and casualty (P&C) operation, ... Read the full article
Enstar completes ADC reinsurance transaction with AXA XL
4th May 2021
A wholly owned subsidiary of Enstar Group Limited has completed an adverse development cover (ADC) transaction with AXA XL, the property & casualty and specialty risk division of AXA. Under the terms of the arrangement, Enstar's subsidiary assumed reinsurance losses incurred on or prior to December 31st, 2019, on a diversified ... Read the full article
AXA XL’s North America Construction business adopts RCT platform
22nd April 2021
AXA XL's North America Construction insurance business has adopted the software platform from Risk Control Technologies (RCT), Inc. RCT’s risk engineering enterprise software platform is specific to the re/insurance industry and provides clients with access to risk engineering and loss prevention information. AXA XL's Construction Risk Engineering team will use the platform ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
